Where Fortunes are made – Identifying a change in Trend
The fastest and most risk-free way (which does not exist) to make money in the markets is to identify a change of trend in a market as early as possible. Every market professional will tell you that it is impossible to buy at the lows and sell at the highs consistently: but with the tools I will be sharing with you this becomes a powerful tool.
There are simple rules professional traders’ use for determining a change in trend are:
1. Double Tops
2. Double Bottoms
3. Trend Line Breaks
4. Combining with moving averages, MACD and oscillators
Double Top & Double Bottom
In this example there was a double top, trend line break, MACD divergence and prices falling below the Exponential Moving averages.
Past performance is not indicative of future performance